Bitmine Adds 77,055 ETH — Total Holdings Surpass 3.3 Million
Gourav-S
Updated at: 3 hours ago
{"content":"Bitmine Adds 77,055 ETH — Total Holdings Surpass 3.3 Million ETH
Bitmine has expanded its Ethereum (ETH) reserves with a massive new acquisition of 77,055 ETH, valued at roughly $319.77 million, according to on-chain data from Onchain Lens and reports by Wu Shuo.
This purchase boosts Bitmine’s total Ethereum holdings to 3,313,069 ETH — worth an estimated $13.75 billion — securing its position among the largest institutional Ethereum holders globally.
Institutional Accumulation Builds Momentum
The move underscores rising institutional confidence in Ethereum, as crypto markets stabilize amid optimism around potential U.S. rate cuts and improving risk sentiment.
Analysts note that such large-scale ETH accumulation by funds and corporate entities often precedes broader bullish phases, historically marking early stages of institutional rotation into crypto assets.
Bitmine’s aggressive expansion signals growing conviction that Ethereum remains the foundation of institutional-grade Web3 infrastructure.","images":[],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}